Shanker Agrawal released after recording statement

Setopati

Kathmandu, April 5

Shanker Agrawal, chairman of the Shanker Group, has been released after recording his statement.

He had been in custody since Friday in connection with a money laundering case.

"He arrived only at 2 p.m. on Friday. Since his statement had not been completed, he was not released at that time. He has returned after the statement was concluded today," a source from the Department of Money Laundering Investigation (DMLI) said.

The department said that Agrawal’s statement was recorded regarding his business transactions with businessman Deepak Bhatt and the money laundering case.

In a related development, Sulav Agrawal, a vice-chairman of the Shanker Group, was arrested on Sunday.

He has been taken to court to seek a judicial remand for further investigation.

According to a DMLI source, since the cases involving Shanker and Sulav are different, Shankar was released after questioning, while it was deemed necessary to investigate Sulav.